Is There Financing Available for Plastic Surgery?


Quick Answer

Although plastic surgery is often expensive and insurance does not cover most procedures, there are financing options available, according to Fox Business. Such options range from specialty credit cards only medical caregivers accept to a home equity line of credit. In addition, some providers offer payment plans to patients.

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Full Answer

CareCredit offers one of the oldest and largest of the medical credit cards. Owned by Synchrony Financial, the company issues credit cards to account holders for procedures that insurance does not cover, copays and deductibles. CareCredit indicates that there card is accepted by over 175,000 providers. While such cards often charge no interest if the amount is paid within the designated period, Fox Business points out that when patients miss a payment or do not pay the balance in full, some medical credit cards apply the full rate retroactively to the account.

A home equity line of credit offers easy financing for most homeowners. The borrower has the freedom to use the money as he desires. The danger, according to Fox Business, is that this type of borrowing puts ones home at risk.

Some doctor's offices continue offering payment plans to patients. Fox Business indicates an advantage of this type of financing is that late payments seldom affect a patient's credit score. However, if a patient misses payments, a doctor may turn the account over to a collection agency and no longer accept the patient for care.

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